... as I feverishly typed my serial novel in response to the Stephen Roach essay. In no particular order:
Kash reports on continuing signs of softness coming from the data on advance durable goods orders. Barry Ritholtz isn't thrilled either. Nor is Brad DeLong. Nor is The Prudent Investor. Nor is The Skeptical Speculator (who shares my reading list). The Capital Spectator invokes the "S word."
The New Economist has lots on the EU constitution votes, and what they may or may not mean. And Tim Worstall fills us in on how Europe really works.
The global misery watch gets the treatment at Just One Minute and at Calculated Risk.
The Financial Times reports that the Russians may allow more real rouble appreciation -- although that may be actually mean nominal depreciation.
The Big Picture (Barry Ritholtz again) has an excellent wrap-up of news on the oil front.
I think Brad Setser overstates things some by characterizing Ben Bernanke's speech on the source of current account deficits as the “don't worry about the current account deficit, there is a global savings glut” hypothesis, but I don't much dispute his analysis of the current environment, and his post on the subject is well worth reading.
Tim Worstall notes this New York Times piece on the dollar and trade deficits, as does William Polley.